63.Refer to the information above. The materials price variance for Maple Company for June is:
A. $520 favorable.
B. $990 favorable.
C. $30 unfavorable.
D. $520 unfavorable.
64.Refer to the information above. The materials quantity variance for Maple Company for June is:
A. $990 favorable.
B. $520 unfavorable.
C. $490 unfavorable.
D. $520 favorable.
65.Refer to the information above. The journal entry to record the cost of direct materials used in June includes:
A. A debit to Work in Process Inventory of $12,220.
B. A credit to Materials Price Variance of $520.
C. A debit to Materials Price Variance of $520.
D. A credit to Direct Materials Inventory of $12,250.
66.Refer to the information above. With respect to materials costs, the supervisor of the Production Department should be held responsible for:
A. A favorable cost variance of $520.
B. A favorable cost variance of $990.
C. An unfavorable cost variance of $550.
D. An unfavorable cost variance of $490.
67.Refer to the information above. With respect to labor costs, Roman's production manager is responsible for:
A. Any labor rate variance as well as any labor efficiency variance.
B. Only a labor rate variance.
C. Only a labor efficiency variance.
D. Only unfavorable labor variances.
68.Refer to the information above. Roman's labor rate variance for July is:
A. $1,250 favorable.
B. $1,213 favorable.
C. $37 unfavorable.
D. $1,213 unfavorable.
69.Refer to the information above. Roman's labor efficiency variance for July is:
A. $1,250 favorable.
B. $1,190 favorable.
C. $1,213 unfavorable.
D. $37 unfavorable.
70.Refer to the information above. Which of the following is the most likely explanation for the types of labor variances resulting from Roman's July operations?
A. Management used workers who received a higher wage and worked more efficiently.
B. Management reduced the wage rates in July, which caused the workers to deliberately slow down productivity.
C. Management used less experienced workers whose lower wage rate more than offset their lower productivity.
D. Management paid workers more than standard hourly rates, but the excess pay did not result in increased productivity.
71.Refer to the information above. The direct labor rate variance for the period was:
A. $425 favorable.
B. $360 favorable.
C. $360 unfavorable.
D. $425 unfavorable.
72.Refer to the information above. The direct labor efficiency variance for the period was:
A. $360 favorable.
B. $360 unfavorable.
C. $320 favorable.
D. $320 unfavorable.